Big Business Tycoons Affected Due To Corona; Ambani’s Net Worth Falls By $300m; Gautam Adani, Shiva Nadar And Udyok Kotak Also Affected

The biggest business giants of the world have come under the grip of Corona. Corona has spared no economy, business or country and the destruction still continues. This epidemic has affected people financially, physically and mentally.

Mukesh Ambani, India’s greatest businessman and the richest man in India too seems to be adversely affected by it. There has been a huge decrease of 28 percent in his net worth in the last two months. According to the Hurun Global Rich List, Ambani’s net worth has fallen by $ 300 million ( 30 million) per day to $ 48 billion on March 31. His wealth has decreased by about 1 lakh 44 thousand crore and now it has reduced to 3 lakh 65 thousand crore.

Apart from Ambani, the property of Gautam Adani, Shiva Nadar and Uday Kotak has also been reported to severely decrease. 

Ambani slipped eight places to 17th position

The major reason for the decrease in Mukesh Ambani‘s wealth is the tremendous decline in the stock markets. According to the Hurun Global Rich List, the wealth of Reliance Industries (RIL) chairman and managing director decreased by $ 19 billion in the February-March period. Because of this, he has slipped eight places to 17th position in the list of rich personalities around the world.  

Adani’s net worth declined by 37 percent

According to this report, Adani’s net worth has decreased by $ 6 billion (37 percent), HCL Technologies founder Shiv Nadar’s net worth by $ 5 billion or 26 percent and banker Uday Kotak’s net worth by $ 4 billion or 28 percent. At the same time, the property of Gautam Adani, Shiv Nadar and Uday Kotak has also registered a tremendous decrease. According to this recent list, the three industrialists have been left out of the list of 100 richest personalities in the world. Ambani alone is named in this league.  

In the last two months, the Indian stock market, has suffered a decline of about 25 percent. Due to the current crisis related to Covid-19 and the decrease in the selling of shares worldwide, this stock market has considerably declined. Anas Rahman, managing director of Hurun Report India, said, “India’s top industrialists have suffered a setback due to the fall of 26 per cent in the stock markets and the decline in the value of the rupee against the dollar by 5.2 per cent.” Mukesh Ambani’s wealth has been reduced by 28 percent. 

Less damage to the world’s richest Jeff Bezos

The top 10 rich in the world have also suffered due to Corona. The wealth of Carlos Slim & Family, Bill Gates, Mark Zuckerberg, Larry Page, Sergey Brin and Michael Bloomberg included in this list has also been dented by Covid-19. Amazon CEO Jeff Bezos remains the richest man in the world with a net worth of $ 131 billion, having lost only 9 percent of his wealth over the past two months. It is followed by Bill Gates, Buffett and Arnault. Warren Buffett’s wealth has decreased by $ 19 billion in these two months.